English Explanatory Dictionary

Siegel's paradox

English dictionary entry

Meanings

name
  1. The phenomenon that uncertainty about future prices can theoretically push rational consumers to temporarily trade away their preferred consumption goods (or currency) for non-preferred goods (or currency), as part of a plan to trade back to the preferred consumption goods after prices become clearer.

Word forms

Siegel's paradox

Etymology

Identified by economist Jeremy Siegel in 1972.

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